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Search Results 0 to 5 of about 6 (some duplicates have been removed)
FOX News
Oct 13, 2012 7:00am PDT
going to cost the economy one full percentage point off the gdp. do the math. one full percentage point is roughly what we are growing right now so that could easily turn us back to a recession. you might be asking yourself, why aren't they talking about it? why aren't they coming up in the debate? stapleton wants to know the same thing. he has been crumpling all of this. he has sort of a worst case scenario that could develop here, that isn't entirely unlikely scenario if they do nothing. spell it out, bit-by-bit. what do you see happening assuming there is no deal at all? >> assuming there is no deal, we're in a world of trouble for the american family. this is crisis or catastrophe. you know, government oftentimes doesn't work to resolve problems until they become crisis. waiting for a company in private sector to hit chapter 11 before refining the sales process. this has implication for every american family. we are talking about 90% of families in america paying higher taxes. talking about reduction in income of $3,500 per american family. talking about income loss of more than 6%
FOX Business
Oct 7, 2012 1:00am EDT
our economy right now the fiscal cliff, train wreck of automatic tax hikes and spending, and that's why neil will be live from the nation's capital next week, hosting a special cost of freedom. 10 a.m. to noon eastern. >> calling for help may cost you. one town in pennsylvania asking for a special tax for an emergency ambulance service. and some in california are suing for extra control for wildfires. gary b, you say it's getting out of control? >> absolutely, most of these cities are cash strapped. they're financially mismanaged and it's an opportunity for them to put one more hand in the taxpayers' pockets. look, the root of this is not that they ned more money, they need to spend what they have more efficiently and overburdened with pensions they can't pay and they have too many government employees on the payroll and they're badly run, and asking a taxpayer to fund government inefficiency is the wrong way to go. >> brenda: well, jonas, we're already paying taxes, isn't that supposed to be covering what we get for this? >> well, those income taxes are artificially low. a lot o
Search Results 0 to 5 of about 6 (some duplicates have been removed)